Louisiana-Pacific Corporation (LPX) Given Average Recommendation of “Hold” by Analysts
Shares of Louisiana-Pacific Corporation (NYSE:LPX) have been given a consensus recommendation of “Hold” by the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $26.50.
A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Tuesday. BidaskClub downgraded shares of Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Royal Bank Of Canada reissued a “buy” rating and set a $32.00 price objective on shares of Louisiana-Pacific Corporation in a research report on Tuesday, May 23rd. TD Securities reissued a “hold” rating on shares of Louisiana-Pacific Corporation in a research report on Tuesday, May 9th. Finally, Buckingham Research downgraded shares of Louisiana-Pacific Corporation from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research report on Wednesday, April 12th. They noted that the move was a valuation call.
Several large investors have recently modified their holdings of LPX. Acrospire Investment Management LLC increased its stake in shares of Louisiana-Pacific Corporation by 0.8% in the first quarter. Acrospire Investment Management LLC now owns 7,741 shares of the construction company’s stock worth $192,000 after buying an additional 60 shares during the last quarter. Breton Hill Capital Ltd. acquired a new stake in shares of Louisiana-Pacific Corporation during the first quarter worth about $221,000. World Asset Management Inc acquired a new stake in shares of Louisiana-Pacific Corporation during the first quarter worth about $222,000. Capstone Asset Management Co. acquired a new stake in shares of Louisiana-Pacific Corporation during the first quarter worth about $232,000. Finally, Affinity Wealth Management purchased a new position in Louisiana-Pacific Corporation during the first quarter worth $235,000. 93.11% of the stock is owned by hedge funds and other institutional investors.
Louisiana-Pacific Corporation (LPX) traded up 2.12% during trading on Tuesday, reaching $25.02. The company had a trading volume of 1,732,425 shares. The firm has a market capitalization of $3.62 billion, a PE ratio of 18.71 and a beta of 1.33. The firm’s 50 day moving average price is $23.47 and its 200 day moving average price is $22.88. Louisiana-Pacific Corporation has a 12-month low of $17.08 and a 12-month high of $26.92.
Louisiana-Pacific Corporation (NYSE:LPX) last posted its earnings results on Friday, May 5th. The construction company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Louisiana-Pacific Corporation had a net margin of 8.31% and a return on equity of 14.34%. The business had revenue of $611 million during the quarter, compared to the consensus estimate of $607.21 million. During the same quarter in the previous year, the firm posted $0.07 EPS. The firm’s revenue was up 21.0% on a year-over-year basis. Equities research analysts forecast that Louisiana-Pacific Corporation will post $1.69 EPS for the current year.
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About Louisiana-Pacific Corporation
Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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